Hear is an AI response to the question - does an Equpment dealer need to disclose a tractor is a salvage unit in Ohio
Yes, in Ohio, an equipment dealer is
legally required to disclose in writing if a tractor is a "rebuilt salvage" vehicle to the retail purchaser before the purchase agreement is executed.
This disclosure is crucial for consumer protection and helps ensure buyers are aware of the vehicle's history.
Here's why this is important
- Consumer Sales Practices Act (CSPA) violation: Failing to disclose that a vehicle is a rebuilt salvage can be considered a violation of the CSPA, which could allow the purchaser to demand rescission of the purchase.
- Specific Disclosure Form: Ohio law mandates the use of a specific disclosure form. This form must include details such as the vehicle information (year, make, model, VIN), a notice that the vehicle has a "rebuilt salvage" title brand, and an explanation that the vehicle was once salvaged but has been restored and inspected by the Ohio State Highway Patrol, The customer must read and sign this form before signing the purchase documents.
- Title Defect Recission Fund: The Title Defect Recission Fund in Ohio provides refunds to purchasers in cases where a vehicle's certificate of title indicates it's a rebuilt salvage vehicle and this fact wasn't disclosed in writing to the consumer.
In essence, honesty and transparency are essential when selling rebuilt salvage tractors in Ohio. Dealers must provide clear and timely written disclosures to protect both themselves and their customers.